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Rebel shareholders are taking on big companies And they re winning

Rebel shareholders are taking on big companies And they re winning
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Forget Robinhood! Canada s Version Is Much Better | The Motley Fool Canada

Forget Robinhood! Canada’s Version Is Much Better Image source: Getty Images Trading platform Robinhood gave potential investors a glimpse under the hood yesterday. The Menlo Park-based company filed an S-1 with the Securities Exchange Commission (SEC) in preparation for an initial public offering.  The filing had plenty of interesting details that paint a picture of the modern investment landscape. But they also show the pitfalls of this business model and perhaps highlight why Robinhood’s Canadian rival Wealthsimple is a much better bet. Here’s a closer look.  Robinhood’s success At first glance, Robinhood seems like the perfect investment opportunity. The company was one of the first stock trading platforms to cut its fees to zero, which helped it gain a foothold with millennial and Gen Z traders. Now, with crypto trading, gamification, and influencer marketing, the company has cemented its position as the prime financial services provider to inc

Robinhood files to go public

Robinhood files to go public KTVZ By Allison Morrow, CNN Business Robinhood, a day after incurring a record-breaking fine from Wall Street’s industry regulator, filed paperwork for its hotly anticipated initial public offering. The company plans to list its shares on the Nasdaq stock exchange under the symbol HOOD, according to its filing with the Securities and Exchange Commission. As is typical for the initial IPO filing, Robinhood didn’t yet indicate a target valuation or date for its public debut. The IPO plan follows a series of regulatory headaches for the free-trading app. On Wednesday, Robinhood was ordere to pay about $70 million for “systemic supervisory failures” and hurting investors by giving them “false or misleading information.” That’s the largest penalty ever imposed by Wall Street’s self-regulating body, the Financial Industrial Regulatory Authority, or FINRA.

Premarket stocks: Wages are going up Here s what that means for the economy

Premarket stocks: Wages are going up Here s what that means for the economy
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Inside Robinhood s IPO filing: Profitable? How many customers? Trading symbol? Much more

Inside Robinhood s IPO filing: Profitable? How many customers? Trading symbol? Much more
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